Singapore inks 10 MOUs with South Korea to boost bilateral trade ties

The MOUs cover sectors including automotive and entertainment technology.

The Singapore Business Federation (SBF) and the Korea Chamber of Commerce and Industry (KCCI) signed 10 memorandums of understanding (MOUs) at the Singapore-Korea Business Forum.

The MOUs cover various industries, including automotive, renewable energy, food export, and entertainment technology.

This initiative will boost bilateral trade and investment between Singapore and South Korea.

South Korea is one of Singapore’s top 10 trading partners. Likewise, it views Singapore as an attractive hub for innovation, R&D, and high-tech manufacturing, as well as a gateway into the Southeast Asia region.

“We last led a delegation of 20 senior business representatives from 16 companies to South Korea in May 2023 and have since noted a steady increase in the number of Korean companies incorporated in Singapore joining SBF. We look forward to facilitating their business interactions with other Singapore-based companies through our events and initiatives,” Andrew Kwan, vice-chairman and honorary secretary of SBF said.

Follow the link for more news on

foreign relations

Also Read

Mixed views on MAS policy for 1H25 as Singapore faces inflation and growth risks

Economy grows 4.1% YoY in Q3 as manufacturing, services expand

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Secondhand furniture gains traction as Singaporeans embrace circular economy practices

Singaporeans saved 21,970 tonnes of carbon emissions by purchasing secondhand furniture.

Healthcare

Institution of Engineers sets up new board to promote faster chartership registration

The board will also promote upskilling for engineering professionals.

Building & Engineering

Changi Airport Group boosts logistics capacity with new Nexus One facility

It will house two tenants including Expeditors.

Transport & Logistics

MoM underscores tripartite efforts to safeguard workers following Dyson layoffs

The ministry urges companies to work with unions.

HR & Education

Exclusives

Lorem Ipsum Singapore Business Review

The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.

19 hours ago

Secondhand furniture gains traction as Singaporeans embrace circular economy practices

Singaporeans saved 21,970 tonnes of carbon emissions by purchasing secondhand furniture.

Healthcare

Lorem Ipsum 2